Cross Sector
Public comment closed
Comment Due Date

Thank you for providing your feedback on FSRA’s proposed Risk Based Supervisory Framework Guidance.

We appreciate the comments and questions received to date. Your feedback will help to inform our final guidance.

The request for submissions is now closed.

The Financial Services Regulatory Authority of Ontario (FSRA) continues to foster a strong, competitive and innovative financial services sector. One that commits to providing the latest advancements to consumers in a safe and responsible way. 

FSRA’s Innovation Office has released its Test and Learn Environment (TLE) Guidance.

The new TLE Guidance establishes a mechanism that will validate and assess new and unique non-capital market financial services products, services, or business models before they are introduced into the Ontario market. This guidance applies to the following sectors: 

  • Property and casualty insurance
  • Life and health insurance
  • Credit unions and caisses populaires
  • Loan and trust
  • Mortgage brokers
  • Health service providers as they relate to auto insurance
  • Financial planners and advisors

FSRA’s Innovation Office will collaborate with innovators and businesses to encourage experimentation, promote innovative thinking, and look at ways to enhance Ontario’s regulatory competitiveness for financial services innovators while protecting the public interest.

The TLE Guidance will remain open for consultation in 2022 to ensure that stakeholders and participants have the opportunity to submit feedback that could influence and shape future versions of test environments.

Auto Insurance Test and Learn Environment (TLE) open for applications

The first test environment is now open to auto insurance sector applicants with innovative and consumer-focused solutions.

he Application Form and General Terms and Conditions are available for download. More information on how to apply is available in the TLE Guidance: Appendix 2 – Guide to Applications for Auto Insurance Exemptive Authority TLE . All applicants must submit the required information to [email protected]. Any questions should be directed to [email protected].

Learn more: 


Before we begin, please make sure you do not include any personal or private financial information. If your inquiry does require this information be shared with us, please call us at 1-800-668-0128 or email us at [email protected] for instructions.

By submitting your content, you agree to have your materials posted on our engagement portal, used in reports and other materials prepared by Financial Services Regulatory Authority of Ontario (FSRA) that may be shared with the public. Content is moderated so that all posts are respectful and professional. The Freedom of Information and Protection of Privacy Act, R.S.O. 1990, c.F.31, applies to all online content.

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